African Development Bank Press Releases - EIN Presswire - Press Release Distribution Service

Published on April 23, 2024 - 20:22 GMT

Brazil signs Lusophone Compact agreement to boost private sector in Africa

Brazil has officially joined the Lusophone Compact, an initiative working to accelerate private sector development in Portuguese-speaking countries in Africa, known as the PALOPs (Angola, Cabo Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, São Tome …

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Published on April 23, 2024 - 09:04 GMT

Lesotho CSOs Shape African Development Bank's New Country Strategy

Lesotho's civil society organizations (CSOs), operating under the umbrella of the Lesotho Council of NGOs, convened on March 21, 2024, to evaluate the African Development Bank's (AfDB) portfolio performance in the country. The meeting with Bank …

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Published on April 22, 2024 - 10:43 GMT

African Business Founders To Take Center Stage at AHC Soirée in Johannesburg

African Hidden Champions (AHC) will host an exclusive Soirée on April 24, 2024, in Johannesburg to convene and celebrate entrepreneurial spirit with top African founders taking on the global stage. The event will also feature a private concert with award- …

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Published on April 20, 2024 - 08:40 GMT

African Development Bank rapidly exceeding climate finance targets

African Development Bank Group President Akinwumi Adesina on Thursday called for more urgent action as climate change continues to wreak havoc in many African countries. He was speaking at a high-level roundtable on climate finance convened during the …

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Published on April 19, 2024 - 17:19 GMT

The Africa Fertilizer Financing Mechanism receives $7.3 million to boost agricultural productivity and smallholder farmers’ income

Global Affairs Canada has provided $7.3 million in funding to the Africa Fertilizer Financing Mechanism (AFFM) to enhance sustainable agricultural productivity and smallholder farmer livelihoods, particularly women and youth across Africa. The financing …

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Published on April 19, 2024 - 11:00 GMT

Africa's $824 billion debt burden and opaque resource-backed loans hinder its potential, African Development Bank President warns

Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President Akinwumi Adesina said on Thursday. "I …

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Published on April 17, 2024 - 19:10 GMT

African Development Bank Undertakes mission to Somalia to assess portfolio and implementation of development objectives

The African Development Bank has concluded a three-day mission to Mogadishu, Somalia in preparation for completion of the country’s Interim Country Strategy Paper (I-CSP) 2022-2024 and annual Country Portfolio performance review. The Bank team …

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Published on April 16, 2024 - 11:51 GMT

African Natural Resources Management and Investment Centre issues new report: “Further processing of wood products in Africa will ...

In March 2024, the African Natural Resources Management and Investment Centre issued a new report, in English-only, “Regional timber-trade flows and trends in Africa”. The report offers guidance on taking full advantage of the timber trade in Africa. …

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Published on April 16, 2024 - 09:51 GMT

Annual Meetings 2024: Better allocating international financial resources to speed Africa's transformation

Back in February 2013 in Tunis, in response to a journalist who had asked her how the African Development Bank Group differed from other institutions, Ellen Johnson-Sirleaf, then President of Liberia, replied, "simply the confidence it inspires. I can …

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Published on April 16, 2024 - 01:02 GMT

Cameroon: African Development Bank bolsters Central Africa presence with inauguration of new regional office in Yaoundé

In a move that reaffirms its commitment to Central Africa’s development course, the African Development Bank (AfDB) has inaugurated an ultramodern regional office building in Yaoundé, Cameroon. Joseph Dion Ngute, Prime Minister of Cameroon, and Marie-Laure …

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Published on April 12, 2024 - 21:54 GMT

African Development Bank publishes report on callable capital

The African Development Bank has published a report clarifying the legal framework, processes and governance for a call on the callable capital by the institution. Callable capital refers to the portion of the Bank’s capital that is subscribed by …

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Published on April 11, 2024 - 09:33 GMT

African Development Bank President Adesina to co-chair Clean Cooking in Africa Summit with leaders of Tanzania, Norway and ...

The African Development Bank Group President Dr Akinwumi Adesina will co-chair the upcoming Summit on Clean Cooking in Africa alongside President Samia Suluhu Hassan of Tanzania, Prime Minister Jonas Gahr Støre of Norway and International Energy Agency …

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Published on April 9, 2024 - 14:42 GMT

Liberia: The African Development Bank and Liberia Electricity Regulatory Commission Launch Regulatory Database Management System

The African Development Bank and the Liberia Electricity Regulatory Commission (LERC) have jointly launched a cutting-edge Regulatory Information Database Management System (RDBMS) to address regulatory bottlenecks through digitalization. The RDMBS, a …

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Published on April 9, 2024 - 13:39 GMT

African Development Bank appoints Ousmane Fall as Acting Director for the Industrial and Trade Development Department

The African Development Bank has appointed Ousmane Fall Acting Director of the Industrial and Trade Development Department. Fall will continue in his current role as Director of Non-Sovereign Operations (NSO) and Private Sector Support Department, where he …

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Published on April 9, 2024 - 10:57 GMT

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The Board of Directors of the African Development Bank Group has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in …

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Published on April 8, 2024 - 17:41 GMT

The African Development Bank presents three operational innovations from its EInA-North Africa initiative designed to improve the ...

The African Development Bank, through its entrepreneurship support initiative for North Africa, EInA (Entrepreneurship, Innovations and Advice), held a regional technical workshop on operational innovations to be adopted by countries in Cairo from 12 - 13 …

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Published on April 8, 2024 - 14:33 GMT

AFAWA Finance Series Togo: African Development Bank and African Guarantee Fund unite to strengthen female entrepreneurs' access to ...

The African Development Bank and the African Guarantee Fund (AGF) have brought the curtain down on the AFAWA Finance Series Togo conference, a key note event aimed at promoting a better understanding of the financing needs of Togolese women entrepreneurs …

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Published on April 5, 2024 - 15:21 GMT

African Development Bank and Central African Republic forge stronger alliance to tackle fragility and drive sustainable ...

The African Development Bank and the Central African Republic (CAR) have reinforced their partnership during an official visit by Marie Laure Akin-Olugbade, Vice President for Regional Development and Business Delivery, from 25-27 March. Akin-Olugbade …

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Published on April 5, 2024 - 09:13 GMT

Young people in the Central African Republic can now enter the digital professions thanks to fibre-optic capacities installed with ...

The two-storey building in downtown Bangui, the capital of the Central African Republic (CAR), has a futuristic air. First impressions don’t deceive: inside, a fully equipped digital training centre is tailor-made for online courses. The up-to-date …

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Published on April 4, 2024 - 19:38 GMT

Canada pays tribute to its solid partnership with the African Development Bank Group, keen to expand its development cooperation

Canada reaffirmed its partnership with the African Development Bank Group during a meeting between Cheryl Urban, Canada’s Assistant Deputy Minister responsible for International Affairs for Sub-Saharan Africa, and the Bank’s Senior Vice President, …

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